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Imperial Mining Group Class A ( (TSE:SCD) ) has shared an update.
Scandium Canada Ltd. announced a non-brokered private placement aiming to raise $334,000 through the issuance of 16,700,000 units at $0.02 per unit. The proceeds will primarily be used for general corporate purposes, with no significant allocation to investor relations or non-arm’s length payments. The offering is subject to regulatory approval and is expected to close by mid-July 2025. This move is part of the company’s strategy to strengthen its financial position and support its ongoing projects, potentially enhancing its market leadership in scandium production.
More about Imperial Mining Group Class A
Scandium Canada Ltd. is a public company focused on becoming a leading primary source of scandium, facilitating the development and commercialization of aluminum-scandium alloys. The company is leveraging its alloy development subsidiary and the Crater Lake mining project to meet the demand for high-performance, sustainable materials.
Average Trading Volume: 271,436
Technical Sentiment Signal: Sell
Current Market Cap: C$6.36M
For a thorough assessment of SCD stock, go to TipRanks’ Stock Analysis page.